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Loan or Credit Card
ducks7d
Posts: 1 Newbie
I would like to take out a Loan for around £4000. But i don't know the cheapest way to go about it. Would it be better to get a Credit card or a Loan.
Hopefully i would like to pay it off over 24 or 36ths and i would prefer set regular payments per mth.
Which way would i aviod paying extreme intrest charges?
I would really appreciate some advice.
regards, Ducks
Hopefully i would like to pay it off over 24 or 36ths and i would prefer set regular payments per mth.
Which way would i aviod paying extreme intrest charges?
I would really appreciate some advice.
regards, Ducks
0
Comments
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The cheapest option would be to use credit cards.
Should be able to do it for around 3% APR over the 3 year period (assuming 0% BT deals continue)...which will be less than half the best loan rate I would imagine?0 -
It also depends on your credit rating as the 0% deals are difficult to get unless you have an excellent history...Vanquis- Limit £1250, balance £0
Capital One Classic- Limit £800, balance £0
Natwest Current Account- £800 OD limit, approx £600 OD
Loan- £3300, will be paid off by Dec 09
Student Loan- paid off Dec 09 (That's £150 a month extra! Woohoo)
Empire Catalogue Account- £750 limit, balance £300
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